GM plans $3.6 billion expansion of Mexico operations
U.S. auto giant General Motors will invest $3.6 billion over four years to expand and modernize four plants in Mexico, the company said Dec. 11. With this investment, GM will have spent $5 billion in Mexico between 2013 and 2018, generating 5,600 direct and 40,000 indirect jobs, said the company's chief in Mexico, Ernesto Mariano Hernandez. "It is a ratification of the commitment of General Motors in Mexico," Hernandez said at an event alongside Mexican President Enrique Pena Nieto.
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